Foreign inflow not the cause of SET plunge, says central bank chief Prasarn | Bangkok Post: business

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BoT: Foreign funds didn't sink SET

Foreign fund inflows had nothing to do with the plunge in the Thai stock exchange, Bank of Thailand governor Prasarn Trairatvorakul said on Friday afternoon.

Prasarn: Foreign funds not related to ongoing dive in the stock market. (Bangkok Post file photo)

Foreign investors took a net buying position on Friday morning and remained net buyers for the day of about 75 million baht. Those making net sales were Thai investors, Mr Prasarn said.

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  • nobullshit

    ThailandPost : 10

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    Discussion 3 : 22 Mar 2013 at 23.483

    what sane person relishes the fact China /Vietnam/Cambodia & Indonesia laugh all the way to their happy bank managers, with their increased REVENUE from exports & tourism all off the back of our over inflated baht.all other countries world wide bend over backwards to devalue and become competitive.perhaps all this is intentional destruction of the Thai economy,as always speculators are already queuing up to pounce.certainly one comes to mind!also of interest ! who are these foreign investors? wouldn't by chance be the same clients that are involved in the launderette industry?

  • siamitude

    ThailandPost : 796

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    Discussion 2 : 22 Mar 2013 at 17.522

    SET is heaven for insider trading... it doesn't help the Thai economy but speculate against it.

  • jaidee

    Post : 76

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    Discussion 1 : 22 Mar 2013 at 17.191

    Yet one more glaring example of exaggeration on the part of Thailand's financial community. False reports of healthy economic news is finally finding that there is no rational reason to support either the Baht or the SET. Looming financial losses in imports and exports along with overly generous financial boondoggles by Thai government officials have finally begun to take hold and send the economy bubble to the surface. foreign inflows will not buoy a hyper inflated economy.

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